The Duma Budget Committee recommended adopting in first reading a bill for taxing excess income from extractive industries for the years 2027-2029. For several sectors a rate of 30% of the additional income is proposed, for gold mining - 20%. The expected budget revenues will amount to 200 billion rubles a year. At the same time, for a second reading, the delegates demand to adjust the calculation formula: to take into account the real production costs and exchange rate fluctuations. Without such corrections, the tax burden may be determined not only by excess profits, but also by changes in the cost and exchange rate environment. Also, the committee opposed the proposal to grant the markets tax control powers with the right to block goods. Instead of imposing independent sanctions on trading platforms, the representatives propose to exchange data with the tax authorities. For now we are talking about recommendations for the first reading, and not about the current tax. The key conditions for attracting additional income and the limits of control have not yet been determined.

The Duma Budget Committee recommended adopting in first reading a bill for taxing excess income from extractive industries for the years 2027-2029. For several sectors a rate of 30% of the additional income is proposed, for gold mining - 20%. The expected budget revenues will amount to 200 billion rubles a year. At the same time, for a second reading, the delegates demand to adjust the calculation formula: to take into account the real production costs and exchange rate fluctuations. Without such corrections, the tax burden may be determined not only by excess profits, but also by changes in the cost and exchange rate environment. Also, the committee opposed the proposal to grant the markets tax control powers with the right to block goods. Instead of imposing independent sanctions on trading platforms, the representatives propose to exchange data with the tax authorities. For now we are talking about recommendations for the first reading, and not about the current tax. The key conditions for attracting additional income and the limits of control have not yet been determined.